Low-cost carrier Jin Air says it had a record year

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Low-cost carrier Jin Air says it had a record year

Jin Air, a low-cost carrier owned by Korean Air Lines, said yesterday it had a record year in 2012 thanks to an increase in passengers and expansion of routes.

The company announced it earned 247.5 billion won ($227.5 million) in sales, with operating profit of 14.5 billion won. The figures represent year-on-year increases of 45 percent and 110 percent, respectively.

Jin Air last year brought two B737-800 aircraft to extend its fleet to nine, while opening four new international routes. In 2012, the carrier offered a total of 5,885 international flights, up 70 percent from 2011.

The budget carrier reported a passenger occupancy rate of 88 percent for domestic flights and 80 percent for international flights.

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